Question:
An economic system must answer four fundamental questions. Which of the following is not one of the fundamental questions?
A. What to produce?
See Also
Market Economy vs. Command Economy: What's the Difference?Three Economic Questions: What, How, For Whom? | Encyclopedia.comEcon Express Fundamentals | Concept 9: Economic Systems1.3 What Is Economics? – Exploring BusinessB. How to produce?
C. For whom is the output to be produced?
D. When to produce?
Economics:
Economics is a branch of social science. Initially, economics focused mostly on issues related to political economy. Modern economic theory has been used to answer all sorts of questions ranging from marriage, labor supply, and optimal taxation.
Answer and Explanation:1
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The correct answer is D. When to produce?
The four fundamental questions in economics are: what to produce, how to produce, for whom the output is...
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